Market Insights Technology Data Center Network Infrastructure

Service Provider Network Infrastructure - Turkey

Turkey

Revenue in the Service Provider Network Infrastructure market is projected to reach US$1.13bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.40%, resulting in a market volume of US$1.47bn by 2029.
The average Spend per Employee in the Service Provider Network Infrastructure market is projected to reach US$31.26 in 2024.
In global comparison, most revenue will be generated in China (US$45,360m in 2024).

Key regions: United Kingdom, Japan, India, United States, Germany

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Region

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Analyst Opinion

The Service Provider Network Infrastructure market in Turkey is experiencing significant growth and development in recent years.

Customer preferences: Customers in Turkey are increasingly demanding faster and more reliable network infrastructure to support their growing digital needs. With the rise of online streaming, cloud services, and remote work, there is a higher demand for robust network infrastructure to ensure seamless connectivity and high-speed data transfer.

Trends in the market: One of the key trends in the Service Provider Network Infrastructure market in Turkey is the shift towards 5G technology. As mobile data usage continues to soar, service providers are investing in upgrading their networks to 5G to meet the growing demand for high-speed mobile internet. This trend is driving competition among network infrastructure providers to innovate and offer cutting-edge solutions to telecom companies in Turkey.

Local special circumstances: Turkey's strategic location as a bridge between Europe and Asia makes it a crucial hub for telecommunications and data connectivity. This geographic advantage has attracted significant investments in network infrastructure development, including submarine cables and data centers. Additionally, the Turkish government's initiatives to promote digital transformation and smart city development are further driving the demand for advanced network infrastructure solutions in the country.

Underlying macroeconomic factors: The growing economy in Turkey is fueling the expansion of the Service Provider Network Infrastructure market. As businesses digitize their operations and consumers rely more on digital services, there is a higher demand for reliable and high-performance network infrastructure. The government's focus on improving broadband penetration and expanding internet access to underserved regions is also contributing to the growth of the network infrastructure market in Turkey.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.